Titanium Media App reported on May 13 that in response to the news that the United States intends to expand the export ban on semiconductor equipment to chip manufacturing companies in China, Tang Junjun, President and Executive Director of Hua Hong Semiconductor , stated in the first-quarter performance statement held on May 12: "The company attaches great importance to this news. Hua Hong Semiconductor, as a legal entity, has established a complete set of rules and systems in the business process. In terms of import and export, we have established complete compliance control procedures, and obtained the VEU (the Validated End-User, i.e. "Verified End User") qualification, still has VEU qualification." (Source: China Securities Journal)
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